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Daily Update

Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.

canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rises with improved risk sentiment

USD/CAD Open: 1.3596-68, Overnight Range: 1.3587-1.3640,  Previous Close: 1.3640 WTI Oil open at $87.00 and gold open at $1,925.49. US markets are higher today. For today, USD resistance is at 1.3598. Support is at 1.3551.   Risk sentiment turns positive with JPY rally. PBoC pushes back against USDCNY gains. US dollar gives back some gains-AUD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar underperforms

USD/CAD Open: 1.3664-68, Overnight Range: 1.3652-1.3690,  Previous Close: 1.3687 WTI Oil open at $87.28 and gold open at $1,925.27. US markets are higher today. For today, USD resistance is at 1.3671. Support is at 1.3611.   Pending G-20 meeting provides market distraction today Canadian dollar shrugs off Governor Macklem speech US dollar rally takes a […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar Steady after BoC pause

USD/CAD Open: 1.3646-50, Overnight Range: 1.3632-1.3656,  Previous Close: 1.3635 WTI Oil open at $86.96 and gold open at $1,920.38. US markets are mixed today. For today, USD resistance is at 1.3691. Support is at 1.3679.   Weak German and Eurozone data weighs on EURUSD. WTI gains give Loonie some support. USD opens higher from yesterday […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drifting ahead of BoC decision

USD/CAD Open: 1.3653-56, Overnight Range: 1.3626-1.3672,  Previous Close: 1.3641 WTI Oil open at $86.24 and gold open at $1,925.54. US markets are lower today. For today, USD resistance is at 1.3675. Support is at 1.3645.   Most analysts expect BoC to leave rates unchanged at 5.0% Oil rally continues on production cut extensions. USD consolidates […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar suffers heatstroke

USD/CAD Open: 1.3654, Overnight Range: 1.3571-1.3670,  Previous Close: 1.3594 WTI Oil open at $85.47 and gold open at $1,930.78. US markets are lower today. For today, USD resistance is at 1.3662. Support is at 1.3614.   Treasury yields rise sharply. RBA leaves rates unchanged as expected. USD opens with strong gains since Friday. The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar underperforming

USD/CAD Open: 1.3599-03, Overnight Range: 1.3587-1.3619,  Previous Close: 1.3596 WTI Oil open at $80.64 and gold open at $1,924.27. US markets are higher today. For today, USD resistance is at 1.3600. Support is at 1.3547.   Risk sentiment improves modestly on talk of more Chinese rate cuts. Global equities grinding out gains. USD slightly lower, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinking slowly

USD/CAD Open: 1.3597-01, Overnight Range: 1.3584-1.3607,  Previous Close: 1.3603 WTI Oil open at $80.22 and gold open at $1,914.14. US markets are higher today. For today, USD resistance is at 1.3609. Support is at 1.3592.   Powell speech emboldens rate hike hawks. UK markets closed for bank holiday. USD dollar is modestly bid and consolidating […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds slightly

USD/CAD Open: 1.3522-26, Overnight Range: 1.3525-1.3554,  Previous Close: 1.3545 WTI Oil open at $80.61 and gold open at $1,902.74. US markets are mixed today. For today, USD resistance is at 1.3596. Support is at 1.3505.   Global markets directionless. Risk sentiment improves modestly. USD dollar gives back some gains.   The Canadian dollar flirted with […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar looking a little lost

USD/CAD Open: 1.3520-24, Overnight Range: 1.3500-1.3554,  Previous Close: 1.3552 WTI Oil open at $81.96 and gold open at $1,889.26. US markets are mixed today. For today, USD resistance is at 1.3555. Support is at 1.3537.   China trims its 1-year LPR by 10 bps Market focused on Friday’s Jackson Hole Symposium US dollar ticks lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar is frail-looking

Negative risk sentiment weighing on markets. China’s economic woes raise contagion concerns. US dollar grinding out gains. USDCAD: open: 1.3538-42, overnight range: 1.3525-1.3558, close 1.3547, WTI $80.21, Gold $1893.19 The Canadian dollar is frail due to widespread risk aversion that is fueling demand for US dollars against all major G-10 currencies. China’s role in unsettling […]

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